Sustainability Report 2023 06 about geo energy [GRI 2-1, 2-2] Geo Energy Resources Limited (Geo Energy and together with its subsidiaries, the Group) is a major Indonesian coal producer with an established track record in operating coal mines, coal production and selling coal throughout the region. Geo Energy commenced its business in 2008 as a coal mining services provider and became a listed company on the Mainboard of the SGX in 2012, under the stock code: RE4 and is part of the Singapore FTSEST index. Since then, Geo Energy has transitioned from being primarily a coal mining services provider to a coal producer that subcontracts its coal mining operations. This transition has allowed the Group to change the business model from operating as a relatively small-scale mining services provider in an environment of high capital expenditure and relatively low operational efficiency, with high dependence on owners of coal mining concessions, to being a low-cost coal producer with high-quality coal mining assets, working in collaboration with worldclass business partners. Geo Energy’s corporate offices are located at Singapore and Jakarta, Indonesia, while the production operations are based in Kalimantan and Sumatra, Indonesia. Singapore Office 7 Temasek Boulevard #39-02 Suntec Tower One Singapore 038987 Jakarta Office The Suites Tower, Lantai 17, Jl. Boulevard Pantai Indah Kapuk, No. 1 Kav. OFS, Jakarta 14470 The Group owns five mining concessions through its subsidiaries, which are PT Sungai Danau Jaya (SDJ), PT Tanah Bumbu Resources (TBR), PT Bumi Enggang Khatulistiwa (BEK) and PT Surya Tambang Tolindo (STT) in Kalimantan, Indonesia, as well as the newly acquired in October 2023, PT Triaryani (TRA) in South Sumatra, Indonesia. The Group also owns a 49% equity stake in PT Internasional Prima Coal (IPC) in Kalimantan, Indonesia, and the majority 51% equity stake is owned by PT Bukit Asam Tbk, a stateowned coal mining company and one of the largest coal producers in Indonesia. The Group collaborates with various business partners, including coal mining contractors such as PT Bukit Makmur Mandiri Utama (BUMA), PT Lancarjaya Mandiri Abadi (LMA) and PT Putera Kontrindo Abadi (PKA); and coal offtakers such as Macquarie Bank Limited (TBR's offtaker), Trafigura Asia Trading Pte. Ltd. (SDJ's offtaker) and EP Resources AG (TRA's offtaker). Please refer to Geo Energy’s Annual Report 2023, page 79 to 83 for the full entity coverage.
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